Short Interest in Fidelity Enhanced International ETF (NYSEARCA:FENI) Rises By 29.9%

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 723,484 shares, a growth of 29.9% from the December 31st total of 557,151 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,099,997 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 2,099,997 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Fidelity Enhanced International ETF Trading Up 0.6%

FENI stock traded up $0.25 during trading hours on Monday, hitting $39.05. 2,256,978 shares of the stock were exchanged, compared to its average volume of 2,325,623. The company has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $35.59. The firm has a market capitalization of $6.99 billion, a P/E ratio of 14.82 and a beta of 0.50. Fidelity Enhanced International ETF has a 12 month low of $26.21 and a 12 month high of $39.29.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bryant Woods Investment Advisors LLC increased its stake in shares of Fidelity Enhanced International ETF by 17.2% in the third quarter. Bryant Woods Investment Advisors LLC now owns 220,167 shares of the company’s stock valued at $7,767,000 after buying an additional 32,374 shares during the period. Janney Montgomery Scott LLC increased its position in Fidelity Enhanced International ETF by 6.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 221,896 shares of the company’s stock valued at $7,380,000 after acquiring an additional 12,678 shares during the period. CWM LLC raised its stake in shares of Fidelity Enhanced International ETF by 132.4% during the third quarter. CWM LLC now owns 37,621 shares of the company’s stock valued at $1,327,000 after acquiring an additional 21,434 shares during the last quarter. Barnes Pettey Financial Advisors LLC bought a new position in shares of Fidelity Enhanced International ETF during the second quarter valued at $985,000. Finally, Orrstown Financial Services Inc. lifted its holdings in shares of Fidelity Enhanced International ETF by 9.3% during the third quarter. Orrstown Financial Services Inc. now owns 1,405,343 shares of the company’s stock worth $49,581,000 after purchasing an additional 119,130 shares during the period.

Fidelity Enhanced International ETF Company Profile

The Fidelity Enhanced International ETF (FENI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies of any capitalization in developed markets, excluding the US and Canada. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the MSCI EAFE Index. FENI was launched on Dec 20, 2007 and is issued by Fidelity.